Investments (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Investments [Abstract]

Schedule of Contractual Maturities of Investments

The contractual maturities of the Investments are summarized below (in thousands):

	December 31, 2024				December 31, 2023
	Available-for-Sale Investments				Held-to-Maturity Investments
	Amortized Cost Basis		Aggregate Fair Value		Amortized Cost Basis		Aggregate Fair Value
Due in one year or less(1)	$	165,466	$	165,662	$	115,263	$	115,374
Due after one year through five years		5,498		5,482		7,155		7,197
Total	$	170,964	$	171,144	$	122,418	$	122,571

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The investments due in one year or less include cash equivalents of $14.7 million as of December 31, 2024 and $58.6 million as of December 31, 2023.

Schedule of Fair Values of Investments

The amortized cost basis, net unrealized gains transferred to accumulated other comprehensive income, and resulting fair market value of the Investments as of the October 1, 2024 reclassification date were as follows (in thousands):

	October 1, 2024
	Investment Level	Amortized Cost (Carrying Value)			Gross Unrealized Holding Gains		Gross Unrealized Holding Losses			Estimated Fair Value
Money market funds and other	Level 1	$	31,298		$	—	$	—		$	31,298
Commercial bonds and paper	Level 2		57,477			268		(12	)		57,733
U.S. Treasury Securities	Level 2		158,818			700		(2	)		159,516
Total cash equivalents and investments			247,593			968		(14	)		248,547
Less: cash equivalents			(41,582	)		—		—			(41,582	)
Total Investments		$	206,011		$	968	$	(14	)	$	206,965

The fair values of the Investments are disclosed below (in thousands):

	December 31, 2024
Available-for-Sale Investments	Investment Level	Amortized Cost (Carrying Value)			Gross Unrealized Holding Gains		Gross Unrealized Holding Losses			Estimated Fair Value
Money market funds and other	Level 1	$	14,745		$	—	$	—		$	14,745
Commercial bonds and paper	Level 2		44,145			49		(24	)		44,170
U.S. Treasury Securities	Level 2		112,074			184		(29	)		112,229
Total cash equivalents and investments			170,964			233		(53	)		171,144
Less: cash equivalents			(14,745	)		—		—			(14,745	)
Total Investments		$	156,219		$	233	$	(53	)	$	156,399

	December 31, 2023
Held-to-Maturity Investments	Investment Level	Amortized Cost (Carrying Value)			Gross Unrealized Holding Gains		Gross Unrealized Holding Losses			Estimated Fair Value
Money market funds	Level 1	$	69,611		$	—	$	—		$	69,611
Commercial bonds and paper	Level 2		43,251			135		(38	)		43,348
U.S. Treasury Securities	Level 2		9,556			56		—			9,612
Total cash equivalents and investments			122,418			191		(38	)		122,571
Less: cash equivalents			(58,644	)		—		—			(58,644	)
Total Investments		$	63,774		$	191	$	(38	)	$	63,927